Complaints procedures go international
17 April 2007
The Financial Industry Complaints Service is preparing analysis for members on the introduction of international standards on complaints-handling…
Life Insurance
Financial planning standard released
17 April 2007
In a bid for more harmony in financial planning benchmarks, Standards Australia has released for public comment AS4559 2007, a new draft standard for personal financial planning…
Court decision impacts complaints service
11 April 2007
The Financial Industry Complaints Service has had to narrow its workload after a Federal Court observation on its monetary limits…
FPA examines compensation salvation
11 April 2007
The Financial Planning Association has hosted a “think tank” to discuss how investors could be compensated after investment schemes fail…
IFSA launches updated code
11 April 2007
IFSA CEO Richard Gilbert has described the association’s new code of conduct as the “industry equivalent of the 10 commandments…”
FPA probes Westpoint advice
03 April 2007
Nearly 20 dealer groups are under investigation by the Financial Planning Association for allegedly giving clients bad advice involving the Westpoint property group…
Drastic shortage of financial advisers
03 April 2007
Unprecedented demand for financial advice has led to a huge increase in workload for financial advisers, according to the Investment and Financial Services Association…
Advisory council announced
03 April 2007
The insurance industry is well represented on the Federal Government’s Financial Sector Advisory Council following the re-appointment of several members last week…
FPA invites educational input
27 March 2007
The Financial Planning Association aims to bolster the educational content of its national conference in November this year by encouraging presenters to approach the association…
Chinese investors stake their Westpoint claim
20 March 2007
A second group of Westpoint investors has launched proceedings against financial advisers that got them involved in the failed property group…
Regulation still a burden: FPA
13 March 2007
Excessive regulation remains a burden on the financial services industry and requires a collaborative effort to untangle, according to the Financial Planning Association…
Industry funds demand advice laws
13 March 2007
Financial planners have rejected suggestions their priorities need to be defined by law…
Baby Boomers have a super future
13 March 2007
They may have been born into a very different world, but the nation’s Baby Boomers are expected to retire into the lap of luxury, according to a new report…
PI exclusions not PC: FPA
06 March 2007
Restrictions on professional indemnity policies are setting up financial planners and their clients for a heavy fall, according to the Financial Planning Association…
Valued advice pays off
06 March 2007
The FPA has launched its Value of Advice Awards for 2007…
New blood for IFSA
06 March 2007
The Investment and Financial Services Association has appointed two new members to its 14-person board…
FPA pushes into risk business
27 February 2007
The Financial Planning Association has launched a new risk sub-committee to ensure that financial planning advice does not exclude business and life insurance risks…
… and bares its teeth
27 February 2007
The FPA has expelled one member and fined another over their advice to investors in the failed Westpoint property group…
Victorian firm faces Westpoint music
20 February 2007
A boutique Victorian financial planning firm is the third of what could be many to face court over advice to invest in the failed Westpoint property group…
AMP reviews not so super advice
20 February 2007
AMP has extended an olive branch to 35,000 clients by offering reviews of possibly tainted superannuation advice under changes designed to appease the corporate watchdog…